Empire Industries Announces $18 Million Contract in China With Global Leader in Amusement Parks and Resorts
(firmenpresse) - WINNIPEG, MANITOBA -- (Marketwired) -- 08/06/13 -- Empire Industries Ltd. (TSX VENTURE: EIL) today announced that its Dynamic Structures business unit has been awarded a contract to manufacture a signature attraction for a global leader in amusement parks and resorts for a park in China. The work associated with this prestigious contract is valued at over $18 million and will be executed over the next eighteen months.
"This contract is another concrete example of how Empire's global clients are aggressively addressing the growing need for high quality entertainment options throughout Asia," said Guy Nelson, Chief Executive Officer of Empire Industries. "Empire has focused its unique selling proposition to capitalize on the continuing demand for entertainment consumption options from China's growing middle class."
Dynamic Structures () has delivered over 50 successful custom design/build amusement ride projects for major theme park customers around the world.
About Empire Industries Ltd.
Empire Industries Ltd. manufactures specialized engineered products and sells these products domestically and in select international export markets. The company has developed, designed and engineered products for the rapidly growing, global, media based attractions market. The company also provides steel fabrication & installation services, primarily to the industrial, commercial and infrastructure market in Western Canada. The company also has two key strategic equity partnerships; a 49% ownership of ACE Industrial Services that operates in the oil sands industrial maintenance services market, and a 45% ownership of a Chinese joint venture company in the steel fabrication market in Asia. Empire's common shares are listed on the TSX Venture Exchange under the symbol EIL.
Reader Advisory
This news release contains forward-looking statements, within the meaning of applicable securities legislation, concerning Empire's business and affairs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". These forward looking statements are based on current expectations, and are naturally subject to uncertainty and changes in circumstances that may cause actual results to differ materially. Readers are cautioned not to place undue reliance on such forward-looking statements. Forward-looking information is provided as of the date of this press release, and Empire assumes no obligation to update or revise them to reflect new events or circumstances, except as may be required under applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Empire Industries Ltd.
Guy Nelson
Chief Executive Officer
(416) 366-7977
Empire Industries Ltd.
Allan Francis
Vice President - Corporate Affairs and Administration
(204) 589-9301
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Datum: 06.08.2013 - 05:00 Uhr
Sprache: Deutsch
News-ID 1251865
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